Recent Analysts’ Ratings Changes for Nutanix (NTNX)

Nutanix (NASDAQ: NTNX) has recently received a number of price target changes and ratings updates:

  • 4/3/2018 – Nutanix was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $46.18 price target on the stock.
  • 3/30/2018 – Nutanix was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $47.69 price target on the stock.
  • 3/28/2018 – Nutanix was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $46.18 price target on the stock.
  • 3/23/2018 – Nutanix was downgraded by analysts at Goldman Sachs from a “conviction-buy” rating to a “buy” rating.
  • 3/14/2018 – Nutanix was upgraded by analysts at Oppenheimer Holdings to a “top pick” rating. They now have a $65.00 price target on the stock, up previously from $43.00.
  • 3/14/2018 – Nutanix had its price target raised by analysts at JMP Securities from $45.00 to $60.00. They now have an “outperform” rating on the stock.
  • 3/13/2018 – Nutanix had its “underweight” rating reaffirmed by analysts at JPMorgan Chase. They now have a $37.00 price target on the stock, up previously from $32.00.
  • 3/13/2018 – Nutanix had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $57.00 price target on the stock.
  • 3/13/2018 – Nutanix had its “outperform” rating reaffirmed by analysts at Robert W. Baird.
  • 3/13/2018 – Nutanix had its price target raised by analysts at Royal Bank of Canada to $58.00. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 3/13/2018 – Nutanix had its price target raised by analysts at Wells Fargo to $60.00. They now have an “outperform” rating on the stock.
  • 3/13/2018 – Nutanix had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $52.00 price target on the stock, up previously from $42.00.
  • 3/13/2018 – Nutanix had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $61.00 price target on the stock.
  • 3/13/2018 – Nutanix had its price target raised by analysts at Needham & Company LLC from $48.00 to $61.00. They now have a “buy” rating on the stock.
  • 3/13/2018 – Nutanix had its price target raised by analysts at Jefferies Group LLC to $60.00. They now have a “buy” rating on the stock.
  • 3/9/2018 – Nutanix had its price target raised by analysts at KeyCorp from $44.00 to $52.00. They now have an “overweight” rating on the stock.
  • 3/9/2018 – Nutanix had its price target raised by analysts at Bank of America from $45.00 to $60.00. They now have a “buy” rating on the stock.
  • 3/9/2018 – Nutanix was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating.
  • 3/9/2018 – Nutanix is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $52.00 price target on the stock.
  • 3/2/2018 – Nutanix had its price target raised by analysts at Robert W. Baird from $41.00 to $45.00. They now have an “outperform” rating on the stock.
  • 3/2/2018 – Nutanix had its price target raised by analysts at Wells Fargo from $43.00 to $52.00. They now have an “outperform” rating on the stock.
  • 3/2/2018 – Nutanix had its price target raised by analysts at Morgan Stanley from $39.00 to $42.00. They now have an “equal weight” rating on the stock.
  • 3/2/2018 – Nutanix had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $43.00 price target on the stock.
  • 3/2/2018 – Nutanix had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $54.00 price target on the stock, up previously from $51.00. They wrote, “Billings beat by 11%, adjusted billings for reduction in pass-through hardware up 63% y/y. Midpoint guidance implies adjusted billings growth of 61% y/y, gross profit growth of 49% y/y. Reiterating Buy rating and raising price target to $54, from $51.””
  • 2/23/2018 – Nutanix was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/20/2018 – Nutanix was downgraded by analysts at Vetr from a “buy” rating to a “sell” rating. They now have a $31.98 price target on the stock.
  • 2/14/2018 – Nutanix was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $37.59 price target on the stock.

NTNX stock traded up $2.77 during trading on Tuesday, hitting $52.30. The stock had a trading volume of 4,689,869 shares, compared to its average volume of 4,605,561. Nutanix Inc has a 1-year low of $14.38 and a 1-year high of $55.25. The company has a market capitalization of $8,189.11, a price-to-earnings ratio of -15.71 and a beta of 0.32. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.38.

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Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The firm had revenue of $286.70 million during the quarter, compared to the consensus estimate of $283.22 million. During the same quarter in the previous year, the company posted ($0.28) EPS. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. research analysts predict that Nutanix Inc will post -1.59 earnings per share for the current year.



In related news, CAO Kenneth W. Long III sold 32,002 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $54.36, for a total value of $1,739,628.72. Following the completion of the transaction, the chief accounting officer now owns 185,256 shares of the company’s stock, valued at approximately $10,070,516.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $30.35, for a total value of $1,214,000.00. Following the completion of the sale, the president now owns 193,856 shares of the company’s stock, valued at approximately $5,883,529.60. The disclosure for this sale can be found here. Insiders sold a total of 2,736,304 shares of company stock valued at $108,421,885 in the last three months. 19.81% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. purchased a new stake in Nutanix in the 4th quarter valued at about $374,000. Fairfield Bush & CO. grew its holdings in Nutanix by 11.6% in the 4th quarter. Fairfield Bush & CO. now owns 152,175 shares of the technology company’s stock valued at $5,368,000 after buying an additional 15,775 shares during the period. Rehmann Capital Advisory Group purchased a new stake in Nutanix in the 4th quarter valued at about $381,000. Xact Kapitalforvaltning AB purchased a new stake in Nutanix in the 4th quarter valued at about $229,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Nutanix in the 4th quarter valued at about $4,557,000. Institutional investors own 43.22% of the company’s stock.

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

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